Overview
What is Hornets Nest Region Foundation Inc?
The Hornets Nest Region Foundation Inc, located in Charlotte, North Carolina, is a nonprofit organization dedicated to promoting education in the field of antique automobiles. Established with the purpose of funding and maintaining scholarships, the foundation aims to support individuals pursuing careers in automotive engineering, research, restoration, and repair. This commitment extends beyond scholarships, as the foundation has also donated to tax-exempt organizations focusing on antique automobiles, such as the National AACA Library and Research Center, and the AACA National Museum. The foundation's mission further includes providing educational resources and supporting organizations related to antique automobiles for developmental purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Hornets Nest Region Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With a score of 94%, the foundation demonstrates effective management and transparency, which are vital indicators for potential donors looking to support reputable organizations. The overall rating is based solely on the Accountability & Finance beacon, which suggests a focused dedication to these critical areas.
One of the significant strengths of the foundation is its governance structure, featuring a fully independent board of directors, which ensures that decisions are made objectively and in the best interest of the organization. It has received top scores in various categories, including a 96.62% program expense ratio, indicating that the majority of its funds are directed towards programmatic activities rather than administrative costs. This prioritization enhances its credibility and aligns with donor expectations for philanthropic impact.
However, while the data reflects excellent accountability practices, such as a whistleblower policy and conflict of interest guidelines, there are no noted limitations in the data provided. This absence of concerns further solidifies the foundation's reputation as a responsible nonprofit, making it an attractive option for individuals looking to contribute to meaningful causes.
This AI summary has been generated from information found on Charity Navigator.
Is Hornets Nest Region Foundation Inc legitimate?
Hornets Nest Region Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hornets Nest Region Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hornets Nest Region Foundation Inc?
The Hornets Nest Region Foundation Inc is organized with the primary purpose of establishing, funding, and maintaining educational scholarships for automotive-related career needs. This includes fields such as automotive engineering, research, restoration, and repair. The foundation also makes donations to related tax-exempt organizations. The foundation has set up the Art Gannon Memorial Scholarship Funds to aid in the educational achievements of individuals in the field of antique automobiles. Additionally, it has contributed to the National AACA Library and Research Center to promote education on antique automobiles and supported the AACA National Museum for educational and developmental purposes. The foundation provides scholarships to educate individuals in various automotive-related career needs.
Who is the CEO of Hornets Nest Region Foundation Inc?
Melvin Carson is the Director of Hornets Nest Region Foundation Inc.
What is the revenue of Hornets Nest Region Foundation Inc?
Hornets Nest Region Foundation Inc's revenue in 2022 was $23,102.
Who are the executives of Hornets Nest Region Foundation Inc and what are their salaries?
There 1488 volunteers at Hornets Nest Region Foundation Inc.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hornets Nest Region Foundation Inc?
Hornets Nest Region Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hornets Nest Region Foundation Inc
The Hornets Nest Region Foundation Inc is dedicated to establishing, funding, and maintaining educational scholarships for individuals pursuing careers in the automotive field. This encompasses various aspects such as engineering, research, restoration, and repair. The organization's mission extends beyond providing scholarships; it also makes donations to related tax-exempt organizations. One of the foundation's notable initiatives is the Art Gannon Memorial Scholarship Funds, which aid in the educational achievements of individuals connected to the field of antique automobiles. Additionally, the Hornets Nest Region Foundation Inc has supported the National AACA Library and Research Center, furthering education on antique automobiles, and the AACA National Museum for educational and developmental purposes. Furthermore, the foundation offers scholarships to educate individuals in various automotive-related career needs.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Hornets Nest Region Foundation Inc's impact is significant in the field of antique automobiles. They have established and maintained the Art Gannon Memorial Scholarship Funds to support the education of individuals in this area. Additionally, the foundation has made contributions to the National AACA Library and Research Center, as well as supported the AACA National Museum for educational and developmental purposes. Through various scholarships, they are educating individuals in antique automotive-related career needs such as automotive engineering, research, restoration, and repair. Their focus on educational scholarships for automotive-related careers demonstrates their commitment to supporting the next generation of professionals in this field.
This information is meant to be a general summary of Hornets Nest Region Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,497
- Gross Receipts: $23,102
Assets and Liabilities:
- Total Assets: $75,099
- Total Liabilities: $0
- Net Assets: $75,099
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(704) 847-4215Principal Officer
Melvin Carson
Main Address
9307-H MONROE ROAD, CHARLOTTE, NC, 28270
NTEE Category
Code: B990 - Education
If you are a representative of Hornets Nest Region Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.